Pacific Southwest Corp. Takes Part in Acquisition

A group including Pacific Southwest Corp., a Northridge-based real estate and mortgage banking firm, acquired a 6% stake in Fairfield Communities Inc., a Little Rock, Ark., home builder, according to a filing with the Securities and Exchange Commission.

The investment group also includes Industrial Equity Pacific Ltd., the North American investment arm of Brierley Investments, New Zealand’s second largest concern. Pacific Southwest said it is discussing various alternatives concerning the Fairfield stake with Industrial Equity, including a possible joint venture.